Temasek to invest Rs 400cr in KFC, Pizza Hut operator

Singapore state investor Temasek Holdings is likely to make an investment of about Rs 400 crore in KFC, Pizza Hut and Costa Coffee store operator Devyani International, upping its play in the country’s fast-growing consumer sector.
The four-decade-old fund, with assets worth $173 billion globally, will purchase a significant minority stake in the New Delhi-based company, owned by soft drink bottling king Ravi Jaipuria. If the transaction materializes, Temasek will be the second private equity investor in Devyani after ICICI Venture, which had invested Rs 250 crore for a 10% stake in 2011………………………………………..Full Article: Source